Law and business: commercial news round-up 25.06.15
updated on 25 June 2015
There's no getting away from the fact that this week the business pages have been dominated by the "will they, won't they" saga of Greece’s financial calamities and possible exit from the European Union. For a dose of that long-running tale and a few other stories for light relief, read on:
- Last-minute crisis talks on the Greek bailout resume again today, the fourth emergency meeting in just eight days. (For live updates on the situation, the Guardian’s business blog is the place to be.)
- That most British of cookers, the Aga, could soon be part of an American company as its UK manufacturer is in takeover talks with Middleby Corporation.
- The Economist explains why fintech (that’s financial technology to you and me) won’t spell the end of traditional banks, despite the best efforts of the "t-shirt wearing whizz-kids".
- AIM, the UK’s junior stock market, has just turned 20 years old; CityAM looks at its peaks and troughs.
- In a notably delicious deal, Ferrero has bought Thorntons for a sweet £112 million, following the latter’s fall from favour (flavour?) over the past few years.
- Ratings agency Standard & Poor’s has warned that if the United Kingdom were to exit the European Union, many of the world's global banks currently headquartered in London would look to establish their HQs elsewhere.
- Regulators have published rules that extend the bonus "clawback" period to 10 years, with the aim of aligning "risk and individual reward in the banking sector" and discouraging "irresponsible risk-taking and short-termism".
Be sure to check the News section every Thursday for this weekly commercial news round-up. Follow @LawCareersNetUK and @CityLawLIVE on Twitter for instant business news updates.
